Human Resource Management – Contingent Rewards

Contingent Rewards

The policy will need to determine whether or not the organization wants to pay for performance, competence, contribution or skill being imparted by the employees at the workplace and, if so, how much and under what circumstances. There may be a policy that bonuses should be paid for exceptional performance but that, to be significant. The policy may also indicate the approach to be used in relating pay to individual, team or organizational performance.

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